$1M Crypto Seizure Hangs in the Balance for Indian Officials
Indian economic agency officials uncovered a cryptocurrency wallet worth nearly $1 million in a case against a Dubai-based entrepreneur.
![image Beincrypto](https://image.coinlive.com/24x24/cryptotwits-static/f69c925ca7abf69c404c210cc7a61dd1.png)
Indian economic agency officials uncovered a cryptocurrency wallet worth nearly $1 million in a case against a Dubai-based entrepreneur.
The laid off workers were told they would be paid for 45 days.
Cryptocurrency has secured immense popularity across the globe. The increase in popularity of crypto, however, cannot be interpreted as increase ...
Hopefully Ethereum becomes a system more like Bitcoin.
Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according to Reserve Bank of India officials.
Hope Ethereum becomes a more Bitcoin-like system
The root cause of RBI’s concern appears to be that digital assets could undermine India’s rise as a global power.
Some cryptocurrency projects in India are planning to shift their bases to more crypto-friendly jurisdictions.
India’s new crypto tax policy, which is based on gambling and lottery ticket win tax rules, is set to come into effect on April 1.
Several Indian cryptocurrency projects are planning to move their bases to more crypto-friendly jurisdictions.